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@%n't forget to a record the show if you cannot catch us live. have a great night, and we will see right back here tomorrow. ♪ ♪ lou: good evening, everybody. thank you for being with us. washington has become an end to the logical wonderland where the obama administration seems to be more obsessed with semantics and sentence construction than in the capture or killing of terrorists. washington taking pettiness and irrelevancies to new heights while dismissing any sense of proportion when it comes to a radical islamists and the war and terror of. and for all of that, this was a red letter day. president obama's mantra that al qaeda is on the run proved wrong yet again. you're looking at pictures of yemen where government officials uncovered a al qaeda plot to capture oil and gas facilities to fire on foreign embassies, the key port. news of the plot breaking as the united states is stepping up its drone attacks there, killing at least 78 terrorists in the southern part of the country. and the broader plot that led to the closings of 19 embassies and facilities in 16 countries s
you. and thanks to you at home for staying with us for the next hour. there is a lot going on in the news today. >>> we're going to start here in new york city where the united nations has today called an emergency session to convene the security council of the u.n. on an emergency basis late today to respond to what looks like it may have been the largest chemical weapons attack in the world since saddam hussein gassed his own people back in 1988. and looks like is the key phrase here. it's hard to prove. it is hard to tell conclusively when chemical weapons have been used especially if you are trying to tell from a distance. in that iraq case it took four years for experts to confirm that chemical weapons were, in fact, used then. physicians for human rights is one of the first groups to get into the site. they collected soil samples and tested them. the soil samples did show trace evidence of the elements that sarin gas breaks down into over time. and with those soil samples they were able to conclude that saddam hussein had used sarin and also mustard gas, like from wor
you for joining us. have a great night. see you here monday. ♪. ♪ lou: citibank, everybody. thank you for being with us. tonight you're looking at the capitol of yemen, the city's residents there on edge. the army is on high alert after a united states drone strike took out for suspected leaders of al qaeda following a u.s. warning of imminent terror attack in the region with considerable focus on potential targets in yemen. on your screen now the u.s. embassy close after the white house ordered the brought evacuation of american citizens and u.s. personnel. although the obama administration to them a clear there would prefer that i use a different wordd here is state department spokesperson quibbling with the press over the use of the word evacuate and insist the teeseven system and is planning with the obama administration sees on a cigna -- as a significant of its maturing in evacuation and with the administration is now calling and ordered departure. >> cool with the use of the word evacuate. >> it's a technical term. >> is it? i think it is i nontechnical term. ordered departure
saw what happens as a result. liz: the core measure of u.s. retail sales rising as -- at its fastest pace since july. gasoline, building materials. they increased five tenths of a percent. david: as we mentioned, filed a lawsuit to block the $11 billion merger between usair and american airlines. that deal would hurt consumers. we have the attorney general of one of those coming up. liz: shares of online travel company orbitz getting slammed because the largest shareholder has pulled about one-third of its holding. david: and yom brands, parent of kfc, has been taking a hit in today's session following a much steeper than expected 13% decline in same-store sales in china last month. liz: we need to tell you that we are just learning now the size of the stake of carl icahn. it is more than a billion dollars. a huge chunk that he has taken an apple. a billion dollars stake in apple. telling us earlier today, we are there. we are and. by the turn of a billion dollars, david. the stock is resounding up to up 5%. david: getting ever closer. these are just numbers. the $500 level is psycho
. thanks to you at home for staying with us this hour. okay. this is laura poitress, an american filmmaker. she won a mccarther genius award last year. miss poitress makes documentaries. her first one was columbus, ohio, about gentryification in columbus, ohio. she's been working on a trilogy about the war in terror, starting with a documentary about life in iraq under u.s. control during the u.s. war in iraq. the second part tells the story of two men from yemen including one who was a driver for osama bin laden. miss potress is still working on the third installment in that trilogy which is about u.s. surveillance of phone calls and e-mails and so on since 9/11. she posted a bit of that one last year on "the new york times" website. >> build social networks for everybody. that turns into the graph then you index all that data to that graph which means you can pull out a community, that that gives you an outline of the life of everybody in the community. and if you carry it over time from 2001 up, you have that ten years worth of their life that you can lay out in a timeline that involves
blackberry stock way of today. companies looking for new alternatives. steve forbes is coming on to tell us about getting rid of that irs. this is interesting. revolutionizing travel. elon musk expected to make an announcement today. nyc to l.a. in 45 minutes. we will explain. markets now. ♪ connell: it is good to be with you on markets now. we will get to steve forbes in just a minute. we begin with stocks now. the dow is up a little bit. adam shapiro is on the floor of the new york stock exchange. adam: good morning. the s&p is still in negative territory. apple is up over 2%. just to give you some idea of who is winning and who is losing on the dow, cisco and ibm. connell: thank you very much, adam. the irs is still targeting tea party groups. steve forbes says forget about it. let's get rid of the irs altogether. thank you for coming in. >> i think there is a growing consensus. i think we can get rid of it all. people realize it is beyond redemption. given these scandals, why not just start all over. start with a new culture, new tax code. connell: the flat tax. you have been talking
of the website wikileaks, is under legal and personal attack from the u.s. government for publishing military and diplomatic secrets. when we met him, he was under house arrest in the english countryside, where we conducted the most extensive television interview he's given about his life, his beliefs, and his concern about being charged and extradited to the united states. >> it is completely outrageous. it is the worst form of censorship we have seen by the united states since the 1950s, since the mccarthy era. >> are you surprised? >> i am surprised, actually. >> but you are screwing with the forces of nature. [ticking] >> [blows whistle] >> you might not think of sugar, corn, or metal as material that can cause a catastrophic explosion in a factory. but when they're ground into dust and suspended in the air, all it takes is a small spark to set off a disaster. >> if this material were gasoline, there would be no doubt in any owner's or operator's mind what needed to be done. >> that would be an emergency. >> absolutely. >> is dust functionally the same thing? >> it has the same power. >>
at the white house. the national security agency's security network has the ability to spy on 75% of all u.s. internet traffic. in addition, quote, it retains the written consent of the e-mails sent between citizens within the u.s. and also filters domestic phone calls made with internet technology, but that's not all. according to newly declassified documents, the nsa was rebuked in 2011 by a secret court for collecting thousands of e-mails from americans. the agency admits those e-mails had absolutely no connection whatsoever to terrorism. here's why the story is so critically important. number one, nsa officials admitted to the journal that the systems' reach is so broad domestic communications are more likely to be intercepted than foreign ones. number two, this proves that the government's ability to spy on you and your neighbors is greater than we've all been led to believe. and number three, chalk this up as yet another piece of evidence that the self-proclaimed most transparent administration in history is anything but. joining me now with reaction to all of this is former bush senio
your junk on the "ridicu-list." that's it for us. erin burnett starts now. >> "outfront" next breaking news we now know how u.s. intelligence officials discovered a possible al qaeda attack on american embassies. they cracked their code. that news top of the hour. >>> plus, senator rand paul comes "outfront." we'll talk birthers and sarah palin and a comment about tapping your phone that will probably surprise you. >>> and a serial killer goes on a cross-country murder spree, and tonight the terrifying chilling video "outfront." let's go "outfront." ♪ >>> good evening, everyone, i'm erin burnett, "outfront" we begin with the breaking news. cnn reports that u.s. intelligence officials intercepted communications that signaled an imminent terrorist attack on americans. those intercepts led to the unprecedented closing of 19 u.s. embassies and consulates around the world. barbara starr broke the news and she's at the pentagon tonight. barbara, what more can you tell us? >> good evening, they are not only intercepts but those intercepts by all accounts now contain code words that signaled
and is crucial to u.s. ally israel's defense. we have fox team coverage. ed henry at the white house, looking at the administration's evolving policy. but leland vittert has more. >> reporter: just past midnight in cairo, where it is relatively calm but far from quiet, given rumors that hosni mubarak, former president, may get out of jail. right now, it appears as though the army is winning the battle for the strength against the muslim brotherhood gunmen and battle for hearts and minds of the egyptian people, although it is coming at a high price. under a banner on state tv reading egypt fighting terrorism, a military jet brought back the bodies of 25 police recruits killed execution style overnight by jihadist militants and left on the side of a road in the sinai peninsula. a clear message of revenge from groups loyal to the muslim brotherhood, allegedly for the death of 36 brotherhood prisoners in an escape attempt from this jail earlier sunday. egypt's military hoped to prevent such attacks by rounding up hundreds of brotherhood supporters and leadership, along with this man, the brother
a slew of new criminal cases and with us now we have an attorney who does a lot of legal work on wall street. saw this in a journal today, the tough talk from the attorney general said "anybody who has inflicted damage on the market should not be of the belief we are out of the woods because of the passage of time. if any individual or any institution is banking on waiting things out they have to think again." i didn't think inflicting damage was a crime, but what is going on here? >> first of all this has a feeling of a political move. it is not a genuine prosecution in the sense something is wrong, we are saddened and shocked by it, this is a political move whether it is by the administration were motivated by holder looking to ratchet up a little bit of a legacy to when he goes back out into public life whether it is the private sector or into political office you want to be seen as a crusader. second, the democratic party is looking for some, this has a feeling we better throw some christians to the lions. you really get that feel you want to go pick on someone. why are they stirr
red sox, it went for $70 million, which is less than 7% of its price in 1993. used to be that the newspapers were the big solid businesses that would buy up comparably wobbly baseball teams. the "chicago tribune" newspaper bought the chicago cubs in 1981 but now it's the baseball teams that buy the wobbly major daily newspapers. if you put the worth of the red sox up against the price paid for the boston globe, it's not just that the team owner for the red sox could buy the boston globe, it's that he could easily buy it five times over, ten times over, 15 times over. or if it was a news magazine you were after, even you could buy an infinite number of major news magazines since you're getting close to dividing by zero when you're talking about major news magazines. "newsweek" was sold for one blessed dollar in 2010 for a man who promptly died in 2011. when news broke this weekend it had been sold again, the terms of the sale were not disclosed. do they really need to be? do you think it was more than a dollar this time or less than a dollar? there have been rumbling
normal schedule. tom forman joins us with the latest details. >> reporter: wolf, with all the other news breaking in washington today, this caught many people far off guard that the news that the former president had a heart health scare. ♪ ♪ >> reporter: in office and out, george w. bush has been regarded by many as the most fit president ever. he took up mountain biking at the suggestion of his doctors and even though he's had cuts and bruises along the way, he's been pedaling of since. he now hosts an annual ride honoring wounded soldier covering 60 miles at a stretch through the texas countryside. >> for me it's one of the most uplifting experiences i've had in my adult life, probably my whole life. >> reporter: it's not just cycling. the former president has enjoyed running, swimming, golfing, weight lifting and hard labor on his ranch. his annual physicals while in office found him in excellent health with, quote no, history of hypertension or diabetes and with low to very low coronary artery disease risk. >> thank you so much for inviting our rowdy friends to my hanging. >> re
want to bring in the analyst. david: we do, indeed. he joins us from the chicago cme . also, jamie cards is with us, harris financial group managing partner. good to see. what do you think of lions gate? >> i think that it is better than disney. that's all say about that. david: that's not saying once. they have been doing so well. >> i'm trying to stay away from all that speculation. all i know is that decides whether traders believe to be a good movie, it is really not one member year -- david: i have to interrupt you because we go from hunger games to william shatner at priceline. >> another beat on both lines. and earnings per share of $9.70. expecting $9.306 on revenue of over one and a half billion. just to give you an idea, they are expecting that the gross domestic travel bookings will be up 5-10% in the third quarter. international gross travel bookings in the third -- fourth quarter of 32-39 percent, so expecting this growth will continue. liz: hotel and vacations for this current earnings release accounted for 48 percent of the total revenue. not bad, up 44%. the look at
to with stand any future crises. citing tests that were used to determine a bank's health. liz: jpmorgan's stock taking a hit on new concerns about scrutiny from regulators. they could face 6.8 billion in legal losses above existing reserves. charlie gasparino is reporting they're creating a moat. ashley: is that right? billionaire carl icahn increased his stake in energy producer, chesapeake energy. he owns just shy of 10% of the stock according to regulatory filing. liz: the firm upgrading the stock to overweight saying that the retailer should see growth in the mid-teens in the future. ashley: investors keeping close eye on egypt as the violence showing no signs of ending. government killing 25 -- killing of defend five egyptian police officers near the border with sinai near israel. liz: order for 60 new fighter jets. who is ordering? south korea. sources say the u.s. aerospace giant undercut rivals in the bidding war. "after the bell" starts right now. ashley: let's get right to today's action. jason pried from -- pride from glenmede sees the market grinding higher and he has three ways to
or comments, tweet me or use #reliable. i'll be chatting on twitter after the show. and if you missed any of today's show, you can find us on itunes or online at cnn.com/reliable sources. thanks for joining us. state of the union with candy crowley begins right now. >>> the story of egypt takes a dark turn, and the nsa story takes another turn. today -- >> we want egypt to succeed. we want a peaceful, democratic, prosperous egypt. that's our interest. >> american values and american interests. the u.s. may have to choose. we talk with senator john mccain just back from egypt. >>> then, mistakes were made. new revelations about privacy violations at the national security agency. who is watching the watchers? and -- >> we want them to look back and say, this is when the rnc got it right. >> republicans reboot in boston and hillary sets up a speaking tour. hello, 2016. our powerhouse political panel sorts it out. then -- the new orleans saints, the oakland raiders and a first down for the girl from pascagoula. an update on sarah thomas. i'm candy crowley, and this is "state of the union." >>
&p is down 2%. show us the interest-rate sensitive group for the month. the s&p down 2%. 8% decline in reits, 5.5% in utilities, 4% in telecom. that's where the damage is. when is somebody going to say bonds are starting to look attractive? here's the lqd. it's down 10% in the last month. this is the biggest corporate bond etf out there. today, the yield is 4% on this. 4%. now, i'm sure there's corporate bonds individually yielding 5% with durations not too far out there. it's starting to look attractive. that's at least my opinion. i'm waiting for somebody else to start saying that. i think bonds are poised to do well after the september 17th fed meeting. a lot of people seem to feel that way. if bonds are being sold, here's a question people are asking, if bonds are being sold and stocks are being sold in the united states, where's the money going? a lot of people have been putting money into europe in the last couple of months, but look, europe is starting to look topee. it topped out in the middle of last week. the big question here is, where is the excess money going to be going, and a
thank you for joining us. i will see you tomorrow night. lou: a good evening everybody president obama is a coherent policy on egypt gets all the more confounding as one leading democrat in the senate completely contradiccontradic ts the white house claims on the status of the aid to egypt a country that is rapidly descending into violence. patrick leahy of vermont of the subcommittee is saying earlier today the obama administration has decided to cut military aid to egypt after two weeks of violence between the egyptian military, police and security forces and the muslim brotherhood in 1,000 people have been killed and david carle says the senator's understanding is the egyptian paula terry has been halted and said deputy press secretary disagrees dance the human of questions from the white house press corps before he finally declared fellow democrats patrick leahy is flat out wrong. >> it is important for you and your readers to understand providing foreign assistance you cannot turn it off fraud or up and down but it is provided so those staunches are under review it has not b
interest rates. cheryl: homebuilder confidence. well, that's it for us. "money" with lori rothman in for melissa francis is next. >> very good evening, everyone. i'm lori rothman in tonight for melissa francis. here's what's "money" tonight. been anything but smooth sailing for the cruise industry this year from fires to broken down ships. travelers had plenty of reasons to think twice. but we've got the ceo of royal caribbean in studio to tell us how is convincing folks to get back on board. >>> plus should your boss pay you to skip work and volunteer? the perk is spreading to companies all across the country. we're going to tell you why some say it can actually boost a business as bottom line. >>> "who made money today?" it was a tidal wave of red sweeping the marketings of course but these guys managed to float way up into the green anyway. stay tuned to find out just who it is. even when they say it is not, it is always about money. lori: would you want to gain tonight out at sea with a big ceo. it has been a very tumultuous year for the cruise industry with one disasterous se
the chairman of dallas holding joins us. lori: crackhouse crumbling? you know, brazil and russia and india and china falling behind performance the emerging markets still have a place in your portfolio. dennis: a little housekeeping while feeling buried under paper work at the office could be good. lori: or not. whose office is that? [laughter] in the meantime just 40 minutes away will there be a tapered timeline? let's head to the new york stock exchange with adam shapiro. >> they are pulling off of session lows the dow is only down 47 points according to one hour ago with three hours left. the s&p is back but it is down six points but shares of sallow are trading down 8 percent today still up at the 52 week high but the 52 week low was $23 a share on november 16, 2012 -- 2012 ford zillow. the president will talk about the administration's policy on zillow streamed life taking place this hours we're keeping an eye on the shares but we're pulling off on the morning's low of. >> warehousing push roselawn taking questions from the kootenays session -- q and a session from of phoenix and eric
santelli, also with us joe la voin i can't and jared bernstein. rick santelli, such a pleasure to have you back on the show. i go to you first. rick, your jobless claims have come down, lowest since november '07. food prices are actually falling in a new report today. that's great for consumers. and what really caught my eye was that serious u.s. mortgage delink gwe delinquencies a five year low. maybe things are better. >> all i can think is maybe we overestimated some of the down side whether in u.s., europe. but i think we're overprizing stabilization. i think positive things are happening, but then again, time does heal all wounds. and if things were so absolutely green shooting oig, and we're used that term before several years ago, we shouldn't have to use it twice. either they're green shoots or just vines and i can't tell which you. but i will tell you this, it's a circular argument. if things were as good as where he want to paept thint them, th can't the fed vacate the premises. why can't bank of japan vacate the premises and why can't europe vacate the premises from the standpoi
affair, center stage. ♪ you make me so very happy >>> good evening and thanks for joining us here on a sunday night. and we do begin with new details tonight after that dramatic end to a week-long manhunt through several states in the west. the search for a man who abducted a teenager after targeting her family, ending in the idaho wilderness. blackhawk helicopters carrying the s.w.a.t. team, hundreds of agents from the fbi, to the local sheriff's department, strategically gathering 2 1/2 hours from where they thought the suspect was hiding with the young girl, armed and ready to quietly move in. and tonight, 16-year-old hannah anderson is free, reunited with her father. abc's ryan owens this evening on the moment authorities knew they had to act fast. >> hannah's coming home. >> reporter: hannah anderson is safe and being reunited with her father tonight, in no small part thanks to these horseback riders. >> she did appear frightened, but i thought it was fear of the horses. >> reporter: around noon wednesday, they spotted the 16-year-old and her accused kidnapper, family friend
, chris. thanks to you at home for staying with us the next hour. nine months after the presidential elections, republicans have just signed into law the most draconian voter suppression law in the country. this afternoon. before the 2012 elections, product can-controlled states all around the country took action to make voting more difficult. like the cuts in early voting that led to waits of eight hours or more to cost a ballot in florida. huge democratic pushback and uproar over the changes in the voting laws, efforts in the republican-controlled states to make voting harder did get rolled back somewhat. they were subject to a lot of human cry. now in the relative calm of this late summer in an odd numbered nonelection year, it is the state of north carolina that has gone further than any other state in the country. in the name of supposedly cracking down on voter fraud, which is never to any significant extent been proven or even seriously alleged in that state, north carolina republicans will now ban you from voting unless you can show new documentation that you never had to sho
it happened. we'll have the very latest on that. phil is monitoring that for us, coming up in a few minutes here. >> a tough story there. >>> let's look at the market as we approach the final hour. as the bell sounds in about an hour. the dow is down 105 point, just shy really of the low of the afternoon. nonetheless, triple digits in the downside. two-thirds of 1%. 15,345. last trade of the blue chip average. nasdaq, similar chart. a steady decline for the last couple of hours, down about 9 points, .25% at 3,675. check the s&p 500, at a two-week low now, the stand & poors and a decline there of about 7 points. >>> let's talk about today's market action and, in fact, what's going on this month now that the dow is negative for august. joining us in the "closing bell exchange," jeff from lpl financial, adam thurgood from high tower and our own rick santelli. jeff, do you think they'll begin tapering in september? >> i do. i know that it's a controversial talking point here. listen, we've seen the data come in. we've seen the retail sales numbers, the ism numbers, the jobless claims. all of th
at home for staying with us this hour. this is one of those days in the news when there is a lot going on. just in domestic news, a lot going on. son of the famous civil rights leader, jesse jackson, jr. was sentenced to two and a half years in federal prison today for taking campaign money and spending it on himself. his wife will also do a year in prison because of the tax fraud side of what they plead guilty too. now that the federal defense of marriage act has been dismantled by the supreme court, the pentagon announced the new rules for service members who want to marry their same sex partners. in north carolina today where republicans just passed and signed the most draconian new voter suppression law in the country. that state's democratic u.s. senator asked the justice department to look into that new law and consider intervening in north carolina to stop it. 234r0rz's governor is suing georgia's governor saying georgia is stealing florida's water from a river the two states are supposed to share. the republican party is holding its annual summer meeting in boston, which they prob
these started. 1980. 1981. peak years of the cold war. right? when the u.s. and the soviet union were trying to divide the world between them and us. everybody expanding their spheres of influence. right? the u.s. and the "u.s.s. r." pressuring other countries in the world to aly with the west or ally with the east. cementing military ties for the west in egypt, egypt which has the biggest population in the middle east, in many ways the strongest arab nation, yeah, that was reward for them signing a peace treaty with israel and also a way to keep them in the west, on our side of the big game. now even today the egyptian military uses tanks built by general dynamics. they fly boeing apache attack helicopters. their fighter jet pilots fly lockheed martin f-16s. and every two years since the early 1980s, these giant war games, these giant fake wars in egypt, they further cement the military relationships between egypt and the west. they cement the interoperability of egypt's troops with american troops. and now all the other countries that participate or that formally observe those war games, t
to that later in the show. first headlines and serious news of what happened overnight. u.s. defense officials confirming that warships are on the move now to syria. [chanting] >> ainsley: this comes as scores of syrians are protesting as you see the government's apparent use of chemical weapons. the warships could be used for a crews missile strike. president obama is down playing intervention without a mandated from the u.n. mystery soft. we now know where samantha power was when there was an emergency u.n. meeting. she was on a personal trip to ireland. power missing that meeting just 19 days after she assumed the post. also new this morning, grammy winning singer linda ryanstat is revealing she has been dealing with parkinson's disease ♪ always breaks my hart in two. >> recent interview with the arp the 67-year-old music legend says she was diagnosed 8 months ago has been experiencing symptoms for as long as 8 years. ron stat says that the neurological disorder has left her unable to sing and she must now travel using a wheelchair. army major nidal hasan found guilty on all counts in the
investor not done yet in a fox business exclusive. ichan tells us he is done biting dell's shares. today his company just released earnings. wait until you see how icon enterprises is really doing. and should you order up? a top money manager says that you would have to be crazy not to be invested in u.s. stocks right now. the dow 20,000 will happen. he will share his top stock picks with you. ito begins right now. ♪ good afternoon, everybody. i'm liz claman, the last hour of trading. well, another fed president to says depending upon certain metrics we should be ready to start tapering. the president of the cleveland federal reserve bank said this you would be ready to scale back the debt fed bond buying program if the labor market continues to improve, but she did not specify the timing on this. nonetheless, she is saying if we continue on this introductory we have been following right now, it should be time to soon start tapering. we will ask former treasury secretary paul o'neill about those comments and so much more, what he thinks washington should be doing to do the u.s. economy
's conversations on cnn.com or go to itunes and check out our podcast. join us again next sunday at 11:00 a.m. eastern. candy crowley agains right now. >>> she is alive and apparently physically unharmed, hannah anderson, the object of a week-long multistate search has been found. the man suspected of kidnapping her and killing her mother and brother has been shot dead in idaho. we will have the latest. >>> also today, hard ball on the field and in the east room, the republican tight spot cornered by constituents in town hall meetings. >> in five sentences or less can we depend upon you to vote against any budget bill that includes funding for the implementation of obamacare. >> please do. >> pressed by the president at his bully pulpit. >> the idea that you would shut down the government unless you prevent 30 million people from getting health care is a bad idea. >>> prelude to september's divide. if you said health if you said the health care bill they loath or shut down the government? what's a republican to do? our sunday exclusive with rnc chairman reince priebus. then -- >> given the
,700 level for the third day in a row and nasdaq helped by apple. starting the week in the red. joining us for more, we begin with the market panel, paul from heritage capital, doug from riverfront investment group, kenny from o'neil securities, who's just finishing up trading and will join us shortly. guys, welcome. paul, let's kick off with you. we're looking at the start -- negative start, down about 46 points in the dow. how worried are you? >> i'm not worried. i mean, listen, the market's had a great run. last week, a great run since june 24th. even if you went down 1%, 2%, 3%, i think it's just a tiny little dip. it's barely a rounding error. and the markets, to me, are clearly headed higher in the short term. >> doug, you buying into this weakness, as well? >> yeah, i think we are buying into this weakness. we also are finding that the u.s. has had a really great run, and, you know, the whole point of making your most money when reality and expectations are in disalignment, that's not the case right now in the u.s. things are good and people recognize that. i think the real opportun
you back here tomorrow. lou: good evening, thank you for being with us, obama administration continued roll back of "law & order," sends attorney general eric holder to reveal latest initiative to cut prosecution of person drug crimes to withhold information and certain prosecutions about amounts of drugs involved in the crime. to reduce prison sentences in some cases. and to free some particularly alderly inmates not -- elderly inmates, not convicted of violent crimes for humanitarian reasons, administration acting to reduce drug crime sentences, obama white house ordered federal prosecutors to revamp statutes to help shield certain drug offensers from the mandatory sentences without congressional approval, here is attorney general holder today speaking before the american bar association. >> i have to today mandated a modification of the justice department charges policy so certain low-level, nonviolent drug aend toers wits offensers o drug cartels or gangs. lou: how will our attorney general fine drug offenders who use drugs that have not beenn@ provided by as he put it large scale
to speak us to on camera. we spoke with a father and daughter who raced home from work early, their smokey street now a ghost town. >> it's possible to attack anyone, because the streets are empty. so, it's still not safe but it's safe inside the house. >> reporter: for u.s. officials, it's a nightmare scenario. the key u.s. ally overthrowing its elected leader, a hard-line member of the muslim brotherhood. its supporters now facing off against the hardline military. pushed out of their camps, protesters fought back with rocks, even pushing this armored vehicle off a bridge. crashing down, a symbol of the country's dissent into violence. violence that is spreading. angry mobs torching at least 18 churches in retaliation. and as night falls, an eerii silence on the street with a curfew in effect. no one knowing what horrors tomorrow will bring. muhammad lila, abc news, in cairo. >> and so now, let's go to abc's chief white house correspondent, jonathan karl. because, jon, $1 billion in military aid to egypt. this is a key nation for america, for decision-making what does the u.s. do now? >
the wrong spot can lead to catastrophe. our franchise owners tell us how to overcome one of the biggest threats to your success. >>> plus bill gates throws down the gauntlet on google. he crashes their ambitious charity project as a waste of money and resources. is he right? two top experts are here. they will square off. >>> "who made money today." they have been buried by the competition and regulation this is year but they're smiling brightly right now. keep watching to find out who it is. even whether they say it's not, it is always about money. adam: good to be with you, our top story this evening. president obama holding first solo news conference in several months t ended about an hour ago. he is about to head away on vacation but he barely addressed the struggling state of the u.s. economy maybe that's why a fox poll shows 71% of voters say the president is not offering anything new. joining us now to discuss this, former republican senator scott brown and former democratic congressman dennis kucinich. both are fox news contributors. i want to welcome you to the program. join in
. god bless. >> you might imagine the story is unfolding fast. paul is joining us from san diego with the latest. the spotting of the vehicle. what do we know about this, paul? >> well, anderson, we know that oregon state authorities issued a statement saying, and they are hedging terms that first they believe the car was spotted near alturist, california in the northeast corner of the state and it was going northbound. then a second reported sighting of that vehicle in question that in lake view, oregon. an amber alert has now been issued in the state of oregon for the vehicle that they have been searching for for the past three days. >> do we know what time the vehicle was spotted? >> yes, we do. we understand in lake view, oregon, it was at 2:00 this afternoon and previous to that was the spotting in alturist, california, with the direction being northbound. that would be consistent the direction you would travel to get in to oregon and they say it could have gone toward nevada at that point, as well. >> i want to keep the pictures on the screen as much as possible in case any
after u.s. stocks logged their waft day in over a month. among the reasons that were cited, fed fears, you had fed president dennis lockhart and charles evans suggesting the central bank could begin tapering easy money program as early as september. there was some doubts after that lousy jobs report we got last friday. but there is more fed talk today. philadelphia's charles plosser will be speaking at 12:30 on his economic outlook and cleveland's sandro pianalto talking about an hour later on the regional economy. in the meantime, the bank of japan kicked off a two-day meeting today, widely expected to maintain its pledge of increasing monetary base at an annual pace of 600 billion to $0 $700 billion. t we'll be watching very chosely. european trading, you can see the stocks there are off a little bit too. the worst performances the ftse 100, down over 1.2%. down about 80 points. the u.s. equity futures here are looking like they are also indicated lower. the dow futures are indicated down by almost 60 points. s&p futures off by just over 7 points, and, again, the decline we saw yest
all the election year politics, it's just politics. after that, the u.s. and russia could be great friends. maybe that wasn't it, maybe the flexibility he was speaking about was a great insult. a yo mama joke, perhaps, that would better explain what has happened since. relations are deteriorating at a very rapid pace. the president cancelled a planned meeting with russian president putin. the first time any american president has cancelled a publicly announced visit to russia since the end of the cold w war. the white house explained the cancellation including, missile defense, and arms control, they cited russia's decision to thumb the u.s. in the eye by granting edward snowden temporary asylum. >> i was point issed because even though we don't have an extradition treaty with them, traditionally we have tried to respect if there's a law breaker or alleged law breaker in their country. we evaluate it and try to work with them, they didn't do that with us. >> that same interview, the president spoke out forcefully against russia's gay propaganda law. >> i have no patience for countr
over the threat to the u.s. from al qaeda today we're learning more about another terror blot foiled. and what in new york city have in common? you listen to one new york politician it's bankruptcy. all of that is ahead. do you remember this little hot mike slip during the election. >> that will transmit this information to vladimir. secretly quietly telling him to ignore all that. it was just politics and after the election, the u.s. and russia would be great friends and get a lot done together. maybe the flexibility that obama was speaking about that medvedev was transmitting was a grave insult, a yo mama joke and would better explain what happened since. u.s. relations are deteriorating at a rapid pace and canceled a planned meeting with president putin the first time any american president has canceled a publicly announced visit to russia since the end of the cold war. the white house explained the decision with a laundry list of russia's policy failures the last 12 months including -- "missile defense, and arms control cited russia's decision to thumb the u.s. in the eye by gran
a try. >> more test. >> that's all the time we have left this evening. thank you for being with us. >> a southern california beach bum. >> it's awesome. >> a preacher in central florida. >> we would give up our freedom. >> pushing people to sign up for food stamps in brooklyn. >> just a hair away from large scale hunger, malnutrition and starvation in america. >> scenes from across an increasingly dependent nation. this is fox news reporting, the great food stamp binge. i'm reporting from the u.s. department of agriculture. why the usda? for historical and political reasons, food stamps fall under the agriculture department's domain. in fact, food stamps will cost taxpayers a projected $78 billion this year. a staggering amount that's more than double the amount. other food asiftance. according to a just released poll, a majority of voters think most of the 46 million plus food stamp recipients are taking advantage and not truly in need. you heard stories of food stamp waste, fraud, and abuse. this hour we will also look at the cost of the recipients and the american character. dur
. meantime, an egyptian court rul ruled hosni mubarak should be released from jail. bring us up to speed, nick. >> caller: i'm standing outside the prison where mubarak has been inkars nated and may well be released. we will not know when that moment is. today, state media saying by helicopter to secure military hospital in the capital. let me remind you what a moe men tus moment this is for the arab spring, the 2 1/2 years of turmoil in this region. one of the key people. now being releaseed from jail. we understand he will go to house arrest. what's also remarkable is standing here and you would think egypt would be protesting the release of a man that many lost their lives and we are simply not seeing that. many of the protest movement, the old administration -- to ensure his conviction. he's walking free on a technicality that he's been in jail awaiting conviction far too long. a remarkable historic moment in many ways. thinking perhaps the military is -- many believe to be the case. reminding egypt that back in charge, looking after after the. >> thanks, nick. >>> turng to syria now
of the american actions form. great to have you here. how is this that congress can give us the prescription for health care, health care and then they don't live by it. what do you say? speaker this is a mess. take way will be washington takes care of its own and doesn't pay attention to us. obamacare passed, it forced the federal government to drop the employer-sponsored insurance so unlike every other employer, is one had to go away, dumped the staffers into the obamacare exchanges and it barred the federal government from supporting the health insurance so you have any kind of a contribution. gerri: like regular americans they only get the money when they deserve the money. there are certain economic thresholds. doesn't it make a difference? >> i don't think they should get the subsidies, it is not the point the law did something clean it wouldn't. if you like your insurance, you don't have to change it. it actually said you have to get rid of it, that was step number one. step number two was indefensible in fixing this. ruling we did not mean it, we are sorry. they had no ability to do
and u.s. airways attempt to create the world's largest airline saying consumers will be hurt by reduced routes and service. will airline investors be left holing the bag, and what does this mean for travelers? forget seacrest, ackman out, three years after setting out to turn around jcpenney, bill does his own about faith after failing to oust the retailers' interim ceo. we'll look at what the defeat means for jcpenney and investors. retail wars. who has the edge when it comes to making a buck? the low end or high end retailers? we'll debate it for you and tell you which retailers are killing it. "countdown to the closing bell" begins right now. ♪ liz: good afternoon, everybody, i'm liz claman, the last hour of trading, breaking news right now. we told you it would happen, and we told you it would happen here on "countdown to the closing bell," billionaire investor, carl icahn, announcing the next big investment, did it on twitter like we said he would moments ago. he said, "we currently have a large position in apple," confirming the tweet to me minutes ago. i just got off the phone
paul, sarah palind s be party to will lead us out of the mess we're in, we'll have 8 years of division, the us versus them, and have versus have-nots, we need to be the unifying party, the party that will look at american people tell them what they are going to do, how they are going to do it, i listen to intro you made, i know who i am a republican, i am a proud member of the party of lincoln, a fiscal conservative, national security hawk, i'll put my credentials of legislative business, military experience against anybody's in this country, and i'll be my own person, it is up to the voters to make the decision to who they want, do they want someone who will be divides for another 4 to 8 years or a uniter and a problem solver. neil: does that mean, that the rand pauls, the ted cruzs, the others who will not abide some rhino republicans, they are republican in name only, try to reach a hanna, cross get slapped back, are they divisive? are they a threat to party. >> there are extremes on both sides, i know rand very well. i have a lot of respect for him. neil: do you think he is extreme
>> more test. >> that's all the time we have left this evening. thank you for being with us. >> a southern california beach bum. >> it's awesome. >> a preacher in central florida. >> we would give up our freedom. >> pushing people to sign up for food stamps in brooklyn. >> just a hair away from large scale hunger, malnutrition and starvation in america. >> scenes from across an increasingly dependent nation. this is fox news reporting, the great food stamp binge. i'm reporting from the u.s. department of agriculture. why the usda? for historical and political reasons, food stamps fall under the agriculture department's domain. in fact, food stamps will cost taxpayers a projected $78 billion this year. a staggering amount that's more than double the amount. other food asiftance. according to a just released poll, a majority of voters think most of the 46 million plus food stamp recipients are taking advantage and not truly in need. you heard stories of food stamp waste, fraud, and abuse. this hour we will also look at the cost of the recipients and the american character. dur
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